What is fiat money? Definition and examples
What is fiat money? Definition and examples
May 17, 2018
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Quick financial literacy check: Most people call dollar bills “money.” Technically? They’re fiat currency. Fiat = government-issued paper backed by trust. Money (by classical definition) = durable, scarce, divisible, store of value. Historically, assets like gold and silver fit that definition. If you have capital sitting outside of: • Bills • Food • Emergency funds The real question becomes: What percentage is in paper currency… And what percentage is in assets? I highly recommend watching Hidd
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TikTokdrkelli
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